Coty Stock Slips As Revenue Misses, Outlook Cut Despite Operating Profit Gains

Coty Inc. (NYSE:COTY) shares dip premarket after Q3 FY25 results miss expectations. Sales fell 6.3% YoY to $1.30B, below the $1.31B estimate. LFL revenue dropped 3%, with declines across Prestige and Consumer Beauty. Gross profit slipped 7.3%, while adjusted EPS came in at $0.01 vs. $0.06 expected.